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5615 S Broadway, Los Angeles, CA 90037
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5615 S Broadway Los Angeles, CA 90037

$630,000 Sold Price as of 08/01/2024
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$630,000 Sold Price as of 08/01/2024 Refinance Your Mortgage
Map preview of 5615 S Broadway, Los Angeles, CA 90037

Property Overview: 5615 S Broadway Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 5,628 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attention Developers and Investors! Rare opportunity to purchase a vacant lot that is zoned for commercial and residential, C2-1VL-CPIO, TOC Tier 3. The demolition has been completed and signed off by the City. This property is ready for entitlements and has no parking requirements. The possibilities are endless, with the ability to build retail, an apartment building, duplex, triplex, or fourplex. Use the land for storage, build the perfect place to operate your business, or build your dream home and add an ADU. 100% residential is permitted in this area. Centrally located to the 110 and 10 freeways, this property is an easy commute for future tenants to anywhere in the LA area and is well positioned to demand high rents. There are plans close to RTI, available to be sold separately, for a total of 13 apartment units, consisting of (11) market rate 1+1s, (1) affordable 1+1, and (1) affordable 3+1. Priced to sell quickly, don't miss out on the chance to turn this land into a cash cow. Buyer shall complete their own due diligence to determine the development potential and zoning.

Listed by Jessica Hoffman | BRE #02026293 | Coldwell Banker Realty
Last checked: 1 minute ago | Last updated: August 1st, 2024 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
5,628
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
24411611
City
Los Angeles
County
Los Angeles
Time on Site
76 days

Property Details for 5615 S Broadway

Lot Details / Garage and Parking
Property Information
  • Has View
  • View: City Lights
  • Parcel Number: 5101038011
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Drive south on Broadway. The property will be on your right just before 57th St, near Slauson.
View more facts & features

Local Los Angeles Agent

Sale History for 5615 S Broadway

Last sold for $630,000 on August 1st, 2024

  • August, 2024

  • Aug 1, 2024

    Date

    Sold

    CRMLS: 24411611

    $630,000

    Price

  • Jul 5, 2024

    Date

    Active

    CRMLS: 24411611

    $699,000

    Price

  • April, 2008

  • Apr 10, 2008

    Date

    Sold (Public Records)

    Public Records

    $281,801

    Price

  • January, 2001

  • Jan 30, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5615 S Broadway

Assessed Value (2020): $475,605
Year Land Value Improved Value Assessed Value
2020 $404,748 $70,857 $475,605

Home Value Compared to the Market

This property vs the competition

5615 S Broadway sold on August 1, 2024 for 37.59% lower than the current median sold price for the city of Los Angeles which is $1,120,000.

About 5615 S Broadway

Detailed summary of property

5615 S Broadway is a land that recently sold in Los Angeles, CA 90037. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 5,628 square foot lot. 5615 S Broadway was first listed on ArdentRealEstateGroup.com on July 5, 2024. The homeowner sold the property for $630,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 37.59% lower than the current median priced home. Local homes that are currently for sale include 1310 E Cesar E Chavez Ave, 4902 Venice Blvd and 2843 Folsom St. While the average home in Los Angeles, CA is selling in 106 days, 5615 S Broadway has a days on market of 3 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 5615 S Broadway Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5615 S Broadway

Public county record property details
Beds
--
Baths
--
Year built
1925
Sq. Ft.
2,374
Lot Size
5,626
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
33
APN
5101-038-011

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$688,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
36
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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